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03.03.2021 12 new Morning Note posts under Morning Note (10) and General (2)

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"CAPIS Morning Note -2/2/21: Futures Up For A Second Day In A Row"

posted by CAPIS on 02/02/2021 at 8:01 am

by CAPIS

02/02/2021 at 8:01 am

Breaking News:

Covid-19 Statistics: 

Total Cases 25,937,115 from 25,816,099

Deaths 433,751 from 432,175

New Tests 1,610,238 from 1,661,492

New Cases 119,747 from 118,211 with positivity rate of 7.4% (up 0.3)

Daily Deaths 1,562

Current Hospitalizations 93,536 from 95,013

Capital Raises:

IPOs Priced or News:  Dating APP Bumble sets pricing for IPO. (Bloomberg)

Secondaries Priced: EYPT of note.

Notes Priced of note:   None of note.

Common Stock filings: ARQT IV EYPT RVMD CURI  of note.

Selling Shareholders of note: NBEV of note.

Mixed Shelf Offerings: BDTX  of note.

Convertible Offering Files:   None of note.

Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.

Earnings Out After The Close Of Note:

Beats: CACC +3.31, CBT +0.30, CRUS +0.27, SKY +0.14, OMCL +0.09, PCH +0.07, KMT +0.07, FN +0.06, HLIT +0.05, KMPR +0.04, IBTX +0.02, KRC +0.01

Flat:  ARE +0.00

Misses: NXPI (1.04), RMBS (0.36), VRTX (0.08), WWD (0.05)

 News After The Close:

SPAC Acies Acquisition (ACAC) to merge with PLAYSTUDIOS.
Raytheon (RTX) wins Navy Contract worth $290 million.
Virgin Galactic (SPCE)  will carry civilians to space next year.
Fresenius Medical (FMS) is seeing Covid-19 impacting dialysis patients as more are dying than in a typical year.
Dividend Increases: WWD YUM

Split Announcement:

Raises Guidance: NXPI FN WTTR CBT PFE 

Lowers Guidance: VRTX

Stock Buyback New Or Increase: CLBK NRIM CHDN PFIS LPG 

Insider Buys: MTEM VYNE TXN CCI

Erlanger Valuelines: Volatility is on the rise. Updated 2/1.

Hourly Action – Updated 1/29 close. Indexes struggled 2:00 onward last week.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Quick comment -Futures are very strong this morning reversing a portion of Friday’s losses.

S&P 500 +32  Dow Jones Industrial Average +254   NASDAQ +113   Russell 2000 +21. Fair values are lower. Asia and Europe higher. VIX is at 28.98 from 31.08 this morning in futures. VIX closed at 30.24 from 33.09 and the three month futures at 32.53 from 33.88.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $136.89 from $137.13 with the yield at 1.13% from 1.077%.

Positive Sectors On Monday: All of note led by Technology, Consumer Cyclical and Materials .

Negative Sectors On Monday:  None of note.

One Month Winners: Energy, Financials Real Estate and Industrials  of note.

Three Month Winners: Industrials, Communication Services, Utilities and Financials of note.

Six Month Winners: Consumer Cyclical, Industrials, Technology and Materials of note.

Twelve Month Winners: Technology, Consumer Cyclical, Communication Services and Healthcare of note.

Year to Date: Energy, Materials, Healthcare and Financials of note.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Today After the Close: AMZN, GOOG, AMGN, CB, EA, CMG, MTCH, AMCR, PKI, STE, FBHS, ATO, GL, DOX, MANH, BRKS of note.

Wednesday Before the Open: ABBV, SPOT, HUM, BSX, EPD, BIIB, APTV, BIP, APO, CNHI, CHKP, AVY, DT, SMG of note.

Earnings This Morning Of Note:

Beats: BABA +1.09, ATKR +0.68, HCA +0.54, UPS +0.52, MCK +0.48, MDC +0.47, MPC +0.46, ABG +0.30, HLNE +0.30, TECH +0.25, LII +0.25, IDXX +0.24, MAN +0.18, HAE +0.16, EMR +0.15, PINC +0.11, LITE +0.08, CTLT +0.07, ST +0.07, COP +0.06, ENTG +0.05, ARCB +0.05, ETN +0.04, BR +0.03, PBI +0.03, ATHM +0.02, AQUA +0.02, GPK +0.01, RACE +0.01, BP +0.01, XOM +0.01

Flat: MPLX +0.00

Misses: HOG (0.66), SIRI (0.17), PFE (0.04), WDR (0.03), HUBB (0.01)

Still to Report: ALGM, BEN, IMO, MHO, MMP, SYY

Erlanger Research Advance/Decline Chart –  Updated 2/1 Close. 

Gap Ups & Down In Early Pre-Market:

Gap up:

TLSA +48%, GSM +28%, PRTA +27%, ACAC +18%, SPCE +11%, VRNA +11%, TTI +9%, LPG +9%, AI 8%, WTTR +7%, PME +7%, HAE +4%

Gap down:

FMS -11%, HOG -8%, CRUS -6%, MITK -5%, ARQT -5%, BP -4%

Rags & Mags: Highlighted Stories may be clicked through to the original story. 

5 Things To Know Before The Open – (CNBC)

Stocks Making The Biggest Moves –  (CNBC)

Biggest Analyst Calls of The Day – TSLA SPCE MCD (CNBC)

Covid Update –  Southwest Airlines loses money for the first time since 1972. (CNBC)

Republicans had a cordial meeting with President Biden but little progress. (The Washington Post)

President Biden raises tariffs on aluminum against the UAE. (WSJ)

Robinhood CEO Vlad Tenev to testify before the House Financial Services Committee on February 18th. (Politico)

CME Group (CME) increases margin rates on silver futures by 18%. (Bloomberg)

Atos walks away from buying DXC Technology (DXC). (Bloomberg)

Ford (F) to spend $1 billion to update South African manufacturing plant that produces the Ranger. (Reuters)

Immunovant sees shares fall almost 50% on stopping trial of thyroid eye disease treatment. (MarketWatch)

Durect up 34% as it gets FDA approval for surgical pain treatment. (MarketWatch)

 

Stock Index Trading:

Current through 2/1 close. Overall confidence moves from 33% to 60%.

Bold means a change from prior day.

Geopolitical:

Reserve Bank of Australia (RBA) rate decision was out  last night.

The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:45 a.m. EST

Press Briefing by Press Secretary Jen Psaki, 1:30 p.m. EST

The President signs executive orders advancing his priority to modernize our immigration system; The Vice President also attends, Oval Office, 5:00 p.m. EST

Federal Reserve New York President John Williams speaks at 1:00 p.m. EST.

Federal Reserve Cleveland President Loretta Mester speaks at 2:00 p.m. EST.

Economic:

Redbook Sales are due out at 8:45 a.m. EST.

Weekly API Petroleum Data is due out at 4:30 p.m. EST.

Investor, Sellside and Industry Meetings

EGAN  (Webinar)  PRTA (Investor Call) TTI SCHW (Update)

Sellside:

Industry Conferences: Annual LSX World Congress (2/1-2/5) Semicon Korea (2/2-2/5)

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades  increased in January.

Monday Recommendations

DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.